Common Fence Music Company
EIN: 50492827 · Newport, RI · NTEE: A65
| Metric | Value |
|---|---|
| Total Revenue | $87K |
| Total Expenses | $107K |
| Net Assets | $17K |
Is Common Fence Music Company Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Common Fence Music Company
Common Fence Music Company (EIN: 50492827) is a nonprofit organization based in Newport, RI, classified under NTEE code A65. The organization reported total revenue of $87K and total assets of $15K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Common Fence Music Company's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Common Fence Music Company is a micro nonprofit that has been operating for 23 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $76K |
| Total Expenses | $107K |
| Surplus / Deficit | $-31,700 |
| Total Assets | $17K |
| Net Assets | $17K |
| Operating Margin | -42.0% |
| Months of Reserves | 1.9 months |
Financial Health Grade: C
In 2023, Common Fence Music Company reported a deficit of $32K with expenses exceeding revenue, holds 1.9 months of operating reserves (limited).
Financial Trends
Over 12 years of filings (2011–2023), Common Fence Music Company's revenue has declined at a compound annual growth rate (CAGR) of -0.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -26.4% | +70.9% | -65.5% |
| 2022 | +50.2% | -7.6% | +161.9% |
| 2020 | +6.4% | +10.8% | +2.4% |
| 2019 | -20.2% | -31.7% | +5.4% |
| 2018 | +11.2% | +30.5% | -35.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2300 |
| IRS Ruling Date | 2003 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Common Fence Music Company has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Common Fence Music Company with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $32K, with expenses exceeding revenue.
Frequently Asked Questions about Common Fence Music Company
Is Common Fence Music Company a legitimate charity?
Based on AI analysis of IRS 990 filings, Common Fence Music Company (EIN: 50492827) insufficient data. 0 red flags identified, 0 strengths noted.
How does Common Fence Music Company spend its money?
Detailed spending breakdown data is not yet available for Common Fence Music Company. Check back for updated IRS 990 analysis.
Are donations to Common Fence Music Company tax-deductible?
Common Fence Music Company is registered as a tax-exempt nonprofit (EIN: 50492827). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Common Fence Music Company located?
Common Fence Music Company is headquartered in Newport, Rhode Island and files with the IRS under EIN 50492827. It is classified under NTEE code A65.
How many years of IRS 990 filings does Common Fence Music Company have?
Common Fence Music Company has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $87K in total revenue.
Filing History
IRS 990 filing history for Common Fence Music Company showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Common Fence Music Company's revenue has declined by 7.2%, moving from $81K to $76K. Total assets decreased by 40.9% over the same period, from $28K to $17K. Total functional expenses rose by 45.5%, from $74K to $107K. In its most recent filing year (2023), Common Fence Music Company reported a deficit of $32K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $76K | $107K | $17K | $0 | — | View 990 |
| 2022 | $103K | $63K | $48K | $0 | — | View 990 |
| 2020 | $68K | $68K | $18K | $0 | — | — |
| 2019 | $64K | $61K | $18K | $0 | — | View 990 |
| 2018 | $81K | $90K | $17K | $0 | — | View 990 |
| 2017 | $72K | $69K | $26K | $0 | — | View 990 |
| 2016 | $71K | $68K | $23K | $0 | — | View 990 |
| 2015 | $63K | $68K | $20K | $0 | — | View 990 |
| 2014 | $86K | $81K | $24K | $0 | — | View 990 |
| 2013 | $93K | $104K | $19K | $0 | — | View 990 |
| 2012 | $97K | $96K | $29K | $0 | — | View 990 |
| 2011 | $81K | $74K | $28K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $76K, expenses of $107K, and assets of $17K (revenue -26.4% year-over-year).
- 2022: Revenue of $103K, expenses of $63K, and assets of $48K (revenue +50.2% year-over-year).
- 2020: Revenue of $68K, expenses of $68K, and assets of $18K (revenue +6.4% year-over-year).
- 2019: Revenue of $64K, expenses of $61K, and assets of $18K (revenue -20.2% year-over-year).
- 2018: Revenue of $81K, expenses of $90K, and assets of $17K (revenue +11.2% year-over-year).
- 2017: Revenue of $72K, expenses of $69K, and assets of $26K (revenue +2.4% year-over-year).
- 2016: Revenue of $71K, expenses of $68K, and assets of $23K (revenue +12.0% year-over-year).
- 2015: Revenue of $63K, expenses of $68K, and assets of $20K (revenue -26.6% year-over-year).
- 2014: Revenue of $86K, expenses of $81K, and assets of $24K (revenue -7.0% year-over-year).
- 2013: Revenue of $93K, expenses of $104K, and assets of $19K (revenue -4.6% year-over-year).
- 2012: Revenue of $97K, expenses of $96K, and assets of $29K (revenue +19.3% year-over-year).
- 2011: Revenue of $81K, expenses of $74K, and assets of $28K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Common Fence Music Company:
Data Sources and Methodology
This transparency report for Common Fence Music Company is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.